Asset Management

Aberdeen continues bid to run more insurance money

The £284 billion fund manager continues its push to grow insurance assets with hire of ex-HSBC Insurance investment chief

 Aberdeen’s CEO Martin Gilbert wants to work with insurers and offer them multi-strategy products
Aberdeen’s CEO Martin Gilbert wants to work with insurers and offer them multi-strategy products

Aberdeen Asset Management has stepped up its efforts to build out its insurance and solutions expertise, an increasingly important avenue for fund houses.

The £284 billion manager confirmed in a statement on January 19 that it had hired James Hughes, the former investment chief of HSBC Insurance, who left fund of hedge funds manager Gottex in November 2015.

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